Interim Report January

· The order intake was MSEK 1,142.0 (976.1), which is an increase of 18 per
cent adjusted for currency effects and acquired units
  · Net sales were MSEK 1,031.5 (905.5), which is an increase of 16 per cent
adjusted for currency effects and acquired units
  · The operating profit was MSEK 85.4 (72.7), representing an operating margin
of 8.3 (8.0) per cent
  · Earnings after tax were MSEK 61.4 (51.6), an increase of 19 per cent
  · Earnings per share were SEK 1.62 (1.36)
  · Cash flow from operating activities was MSEK -51.5 (56.5)
Comments from CEO Johan Hjertonsson:

  · The Group delivered a strong first quarter for order intake, net sales and
profit which are considerably ahead of the first quarter 2015.
  · Cash flow from operating activities was MSEK -51.5 mainly due to increases
in accounts receivables as a result of sales volumes.
  · Earnings per share at SEK 1.62 was better than in the previous year.
  · LED share of net sales in the quarter was approximately two thirds.
  · The order backlog is at a high level as we head into the second quarter.
  · Growth over the period was good in many of our larger markets, particularly
Northern & West Europe and the UK.
  · We are delighted to welcome the members of LED Linear GmbH to the Fagerhult
Group, we see several strong synergies from this acquisition that was announced
on the 15th March.
Disclosures may be submitted by

Johan Hjertonsson CEO tel: +46 36 10 85 00 mobile: +46 70 229 77 93 e-mail:
johan.hjertonsson@fagerhult.se

Michael Wood CFO tel: +46 36 10 85 00 mobile: +46 73 087 46 47 e-mail:
michael.wood@fagerhult.se (hakan.gabrielsson@fagerhult.se)
Fagerhult is one of Europe’s leading lighting groups with approximately 2,700
employees and operations in more than 20 countries. We create modern products
and exciting, energy-efficient and environmentally-adapted lighting
installations, successfully integrated into their individual environments. The
Group includes such strong brands as Fagerhult, Ateljé Lyktan, LTS, Whitecroft
Lighting, Designplan Lighting, Eagle Lighting, I-Valo, Arlight, Lighting
Innovation and LED Linear. AB Fagerhult is listed on the Nasdaq OMX Nordic
Exchange in Stockholm.
Interim Report January–March 2016

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